ANSA news

Greece: Moscovici, creditors must keep debt relief promises

Tue, 25/07/2017 - 11:32

(ANSA) - TRIESTE - Greece's official creditors must keep up
promises on debt relief agreed in a Eurogroup meeting in June,
the Europe's Economics Commissioner Pierre Moscovici told
reporters in Athens."The (debt relief) measures must be
implemented at the end of the bailout programme, but the
decisions can be taken before that", Moscovici said. "We must
continue to work hard toward completing the programme".
The Commissioner added that he was confident Greece was
"turning a page" from economic crisis and would successfully
conclude the bailout programme, but he also urged Athens to keep
up economic reforms.
Greece concluded a bailout review last month, paving the way
for the disbursement of further funds after more reforms to its
pension and tax systems.On Tuesday, after a three-year hiatus,
it launched a return to bond markets, widely seen as a test run.
According to Moscovici, returning to bond markets "is an
important first step". (ANSA).

In brief

Founded in 1989, the CEI is a regional intergovernmental forum committed to supporting European integration through cooperation among its Member States.
It combines multilateral diplomacy and project management, both as donor and recipient, while bridging European macro-regions.